Council on Foreign Relations
When you look out at the energy landscape today, it really is striking how different it is from the last election. The one that you see on the front page of the paper every other day is the boom in U.S. natural gas production, and, now, more recently, in oil production. It’s led to new questions about regulation of development on onshore properties, new questions about foreign direct investment, new questions about exports and so on.
The second big change is that we’ve had big advances in clean energy sources and renewable energy sources and in reducing our use of oil, particularly in transportation. The third big thing that’s changed is that climate change — unfortunately — is not as big a part of the policy discussion. Certainly, when it is, it’s a far more contested, far more conflictual area than it was a few years ago.